Dock Street Asset Management Inc. Trims Position in Palantir Technologies Inc. $PLTR

Key Points

• Dock Street Asset Management reduced its stake in Palantir by 5.3% in Q4, selling 43,945 shares and holding 778,113 shares worth $138.31 million, which represents about 12.7% of the firm's portfolio and is its second‑largest holding.
• Insider sales: CEO Alexander Karp sold 493,025 shares and Stephen A. Cohen sold 327,088 shares on Feb 20; insiders have sold 1,045,279 shares totaling $140.54 million in the past 90 days and now own 12.93% of the stock.
• Operational and market backdrop: Palantir beat Q4 estimates (EPS $0.25 vs $0.23) with revenue up 70% YoY to $1.41 billion and has positive catalysts (Pentagon program‑of‑record, Stellantis renewal), but carries a rich valuation (PE ~232) and mixed analyst views with a consensus price target around $198.59.

Dock Street Asset Management Inc. lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 778,113 shares of the company's stock after selling 43,945 shares during the quarter. Palantir Technologies comprises approximately 12.7% of Dock Street Asset Management Inc.'s holdings, making the stock its 2nd largest holding. Dock Street Asset Management Inc.'s holdings in Palantir Technologies were worth $138,310,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Bare Financial Services Inc boosted its stake in Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company's stock valued at $28,000 after buying an additional 55 shares during the last quarter. Delos Wealth Advisors LLC bought a new stake in Palantir Technologies in the 2nd quarter worth approximately $29,000. Zeit Capital LLC purchased a new stake in shares of Palantir Technologies during the 2nd quarter worth approximately $30,000. Financial Consulate Inc. purchased a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $30,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Palantir Technologies during the 3rd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $146.28 on Wednesday. The firm has a market capitalization of $349.85 billion, a PE ratio of 232.19, a PEG ratio of 2.73 and a beta of 1.70. The stock's fifty day moving average is $146.95 and its 200 day moving average is $168.18. Palantir Technologies Inc. has a fifty-two week low of $66.12 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the firm earned $0.14 earnings per share. Palantir Technologies's quarterly revenue was up 70.0% compared to the same quarter last year. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Key Headlines Impacting Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: U.S. defense designation — The Pentagon named Palantir’s Maven Smart System a program of record, a formal recognition that can drive multi-year government spending and stronger recurring revenue. Why Palantir's New Program of Record With the Pentagon Could Be a Game Changer
• Positive Sentiment: Strategic defense work — Reports that Palantir (with Anduril) is developing core software for the U.S. "golden dome" missile defense program reinforce Palantir’s positioning as mission‑critical software for national security. Palantir Is Developing the ‘Core’ of the Golden Dome. Does That Make PLTR Stock a Buy Now?
• Positive Sentiment: Material commercial renewal — Stellantis renewed and expanded a five‑year partnership to deploy Foundry and Palantir’s AI platform more broadly across manufacturing and operations, a meaningful enterprise reference customer and recurring-revenue tailwind. Palantir Technologies Announces the Renewal and Expansion of Its Partnership With Stellantis
• Positive Sentiment: Analyst support — Mizuho reaffirmed an Outperform rating and $195 price target, highlighting strong enterprise demand and giving investors confidence in upside vs. headline volatility. Palantir (PLTR) Rated Outperform on Strong Enterprise Demand
• Neutral Sentiment: Market recognition & growth metrics — Multiple pieces note Palantir’s strong Rule-of-40, rapid revenue growth and AIP traction; these support the long-term bull case but are already priced into a rich valuation. Does This Impressive Chart Justify Palantir's High Valuation?
• Negative Sentiment: Valuation risk and skepticism — Several analysts and commentators warn PLTR is priced for perfection; famed short‑seller commentary and pieces noting a large pullback increase downside risk if growth slows. Michael Burry Says 'Shorts Are Not Forever' As Palantir, Nvidia Stocks Wrap A Rough Quarter
• Negative Sentiment: Sector rotation & volatility — Broader AI/tech rotation and recent profit-taking have pressured AI names; commentators note PLTR’s high multiples make it more sensitive to sentiment shifts. Everyone Is Rotating Out of Artificial Intelligence (AI) Stocks

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 493,025 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.78, for a total value of $65,956,884.50. Following the sale, the insider directly owned 6,432,258 shares of the company's stock, valued at $860,507,475.24. This represents a 7.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 327,088 shares of the firm's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the completion of the sale, the insider directly owned 592 shares of the company's stock, valued at approximately $79,162.24. The trade was a 99.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,045,279 shares of company stock worth $140,539,043. 12.93% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PLTR. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $200.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Rosenblatt Securities reiterated a "buy" rating and set a $200.00 price objective on shares of Palantir Technologies in a research report on Wednesday, March 25th. Northland Securities raised shares of Palantir Technologies from a "market perform" rating to an "outperform" rating and set a $190.00 price objective for the company in a research note on Tuesday, February 3rd. Citigroup boosted their target price on shares of Palantir Technologies from $235.00 to $260.00 and gave the stock a "buy" rating in a report on Tuesday, February 3rd. Finally, The Goldman Sachs Group decreased their target price on shares of Palantir Technologies from $188.00 to $182.00 in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $198.59.

About Palantir Technologies

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir's product portfolio centers on a small number of core platforms.

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